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find out what's really happening to the global economy with. the global financial headlines kaiser report.
find out what's really happening to the global economy with. the global financial headlines kaiser report.
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Mar 18, 2013
03/13
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economy. and, where hyes, they're in ver shape. they're generally optimistic about their revenue outlook. they tend to have a lot of cash on their balance sheets. they are genuinely concerned about the health care costs, taxes, and regulatory environment. that's the primary reason they don't hire more people. but their businesses are actually doing fine. >> john, i know i asked you this the last time. believe me. it's just that every time you leave then we hear more reports of wells fargo is trying to acquire cit. t.d. bank. has the price not been right? >> well, i really think you need to get wells fargo or t.d. on your show and ask them that question. >> all right. let me ask you about something that i know is near and dear to your heart. the new york stock exchange. what's your take, john, at the deal to acquire n -- he told me last week he's going to spin out some of the european exchanges. as you know he's got five european exchanges that he's going to try to ipo. >> even when i was at the new york stock exchange, the combinat
economy. and, where hyes, they're in ver shape. they're generally optimistic about their revenue outlook. they tend to have a lot of cash on their balance sheets. they are genuinely concerned about the health care costs, taxes, and regulatory environment. that's the primary reason they don't hire more people. but their businesses are actually doing fine. >> john, i know i asked you this the last time. believe me. it's just that every time you leave then we hear more reports of wells fargo...
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Mar 16, 2013
03/13
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>> i do think there has been a problem in the economy where the lower end of the economy has not been able to travel in a gamble. and overbuilding. mgm, las vegas has not come back folia from the recession. more of a direct play on that verses the other stocks that don't like what las vegas sands. that is kind of a boom economy that could crash. too much playing with the vip travel. i prefer with playing with the average gambler. in almost bankrupt stock, but a vigorous comeback, and that the key will have to, we will have to see that take off. melissa: of want to bring in david patrice, joining us now. i think we apologize, having some problems wi your huckabee at the beginning, but we're glad you could join us now. both of our guests were just saying that they want to invest in indian reserves and think that is a good pick for our viewers. how you feel? >> i would stay away. in fact, i would stay away from resorts in total. my take was actually when resorts. with this recession discretionary consumer spending s dropped off considerably. corporations are not spending money for people
>> i do think there has been a problem in the economy where the lower end of the economy has not been able to travel in a gamble. and overbuilding. mgm, las vegas has not come back folia from the recession. more of a direct play on that verses the other stocks that don't like what las vegas sands. that is kind of a boom economy that could crash. too much playing with the vip travel. i prefer with playing with the average gambler. in almost bankrupt stock, but a vigorous comeback, and that...
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Mar 16, 2013
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consumers are concerned about the national economy. they just took a hit in their paychecks as a result of the payroll tax hike, and then on top of that the higher gas prices are going to force them to make some decisions that they wouldn't otherwise have to make. so it's very concerning. >> reporter: pain at the pump is something that all americans can identify with. but many consumers say that they work their budgets around higher gas prices because commuting expenses are nonnegotiable. but how do the higher prices impact the rest of their spending remains to be seen. for "nightly business report," i'm jackie deangelis. >>> while energy prices creep higher, so does optimism about the recovery in the u.s. housing market. one of the nation's largest home builders say the fundamentals in the real estate turn around are strong, and that an increase in home prices is not a bad thing. >> what we're seeing is that prices are moving up, not because costs are moving up so much, but because demand is getting so strong, we're seeing some freein
consumers are concerned about the national economy. they just took a hit in their paychecks as a result of the payroll tax hike, and then on top of that the higher gas prices are going to force them to make some decisions that they wouldn't otherwise have to make. so it's very concerning. >> reporter: pain at the pump is something that all americans can identify with. but many consumers say that they work their budgets around higher gas prices because commuting expenses are nonnegotiable....
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find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headlines tune into kinds a report on our. community speak your language. programs and documentaries in arabic it's all here on. reporting from the world's hot spots fifty i p interviews intriguing stories for you to. see if in trying. to find out more visit our big. dog called. mission free accreditation free zones for charges free coming from and free risk free. free. loading video for your media project free media and on to our t. dot com. from across soccer all things are considered i'm peter lavelle to remind you we're discussing the new pope. the system here in london a lot of people associate the catholic church with scandal today unfortunately how do they get out of that. that's a difficult question. the only way we can get out of it and don't put us all into it you know not in my name we say. we didn't cause a scandal and i'm not willing to take the blame for this candle i knew all about paedophilia i used to run the school we knew all about in the 198
find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headlines tune into kinds a report on our. community speak your language. programs and documentaries in arabic it's all here on. reporting from the world's hot spots fifty i p interviews intriguing stories for you to. see if in trying. to find out more visit our big. dog called. mission free accreditation free zones for charges free coming from and free risk free. free....
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in the bowels of the us economy spokesman said it was. just part of jamie diamond i'm here to destroy your love tapeworms can grow up to ten feet in this case jamie dimon i think is only about i thought seven. poaching above his weight is a tape worm. farms also from this genetic decoding of their d.n.a. they found that there actually remarkably similar to a cancer so again that's a very apt comparison to make jamie diamond to the tapeworm absolutely you know that was a gift to him bear stearns and he's been marauding his way through the too big to fail. becoming even bigger to bigger to fill even less bigger big big and eric holder and shaking interest desk is disgusting we're going to move on to this next headline because it talks exactly about that how to being to jail has become and his influence over the political class leaman creditors can question london whale says judge a bankruptcy judge gave creditors of lehman brothers the green light to subpoena former j.p. morgan trader bruno extolled the so-called london whale in an eight po
in the bowels of the us economy spokesman said it was. just part of jamie diamond i'm here to destroy your love tapeworms can grow up to ten feet in this case jamie dimon i think is only about i thought seven. poaching above his weight is a tape worm. farms also from this genetic decoding of their d.n.a. they found that there actually remarkably similar to a cancer so again that's a very apt comparison to make jamie diamond to the tapeworm absolutely you know that was a gift to him bear stearns...
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Mar 16, 2013
03/13
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briefly, i do not have time to , 1/6to it, but health care of our economy. if the government can control that, they can control just about everything. we need to understand what is going on. there are much more economic models that can be used to give as good health care than what we have now. we were asleep at the wheel to let it happen. we have to find a way to make it work. if we have to work within the frameworks of the affordable health care act, fine. if we can find a way to defund its -- it, fine. 80% of the encounters between a patient and a health-care provider could easily be handled by a health savings accounts. with ofhe encounters the need to insinuates a third party or a bureaucracy that sucks out 1/3 of the money. we can use rich insurance and catastrophic insurance. toe of them, i do not want call them more runs, but they are similar to that. , but they are similar to that. read the book. obviously, i am thinking about those things. ofis almost laughable some the things i hear people say to criticize. they say, he is a neurosurgeon, he could
briefly, i do not have time to , 1/6to it, but health care of our economy. if the government can control that, they can control just about everything. we need to understand what is going on. there are much more economic models that can be used to give as good health care than what we have now. we were asleep at the wheel to let it happen. we have to find a way to make it work. if we have to work within the frameworks of the affordable health care act, fine. if we can find a way to defund its --...
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the interest rate policy is our bank fast by another name but that didn't get the economy stimulated the way they wanted it to but these steps are still there that were incurred by the banks who took all the money so now they're just going to give up all pretense of enacting a policy and they're just going to reach in and steal your money. and let's see what has. happened in the u.k. which has had rather call quantitative easing and we've talked often to save our savers simon rose well he's got actual he's broken down the exact number the exact pounds that have been stolen from pensioners and savers for years of savers propping up the banks and subsidizing debt save our savers is calculated that the total cost to savers in the four years since march two thousand and nine is two hundred twenty point four billion pounds max that's on a total savings in the u.k. of one point one trillion pounds so he's to basically half of it is because of inflation and half of it is because of reduced interest on the savings account very well even the bank of england released figures six months ago the
the interest rate policy is our bank fast by another name but that didn't get the economy stimulated the way they wanted it to but these steps are still there that were incurred by the banks who took all the money so now they're just going to give up all pretense of enacting a policy and they're just going to reach in and steal your money. and let's see what has. happened in the u.k. which has had rather call quantitative easing and we've talked often to save our savers simon rose well he's got...
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find out what's really happening to the global economy with my scars are for a no holds barred look at the global financial headlines tune in to kaiser report on our. worst journalists a long white house of a day a radio guy caught a daily commit a crime a click off if i want to watch closely or about to go good you've never seen anything like this i'm told. me he took a. seat he's. getting to. see. hello and welcome to cross talk where all things are considered on peter lavelle the catholic church has a new leader of pope francis from argentina and a jesuit you see there dramatic even bold departure from the past can this simple man of humble origins reverse the fortunes of a church in crisis and what can the world expect from a pope from the global south. cross-talk the recent election i'm joined by sister of my report in london she is a religious sister and a founding member of catholic woman's ordination in atlanta we have diane doddery she is an ordained minister in the association of roman catholic women priests and in our well we cross to john henry weston he is the co-founder a
find out what's really happening to the global economy with my scars are for a no holds barred look at the global financial headlines tune in to kaiser report on our. worst journalists a long white house of a day a radio guy caught a daily commit a crime a click off if i want to watch closely or about to go good you've never seen anything like this i'm told. me he took a. seat he's. getting to. see. hello and welcome to cross talk where all things are considered on peter lavelle the catholic...
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and here's the note he had to say about i don't recall of mr president for sure is a show of russian economy. was made during his address annual address the russian parliament this year and here still stuck to this idea that we really have to make environment and russian economy more comfortable for those that got to invest their money. and to keep the money here on russian soil the biggest concern in the biggest unfairness which president putin talked about here concern small businesses private interpreters who have the money in cyprus and we're talking here at least around forty thousand people who have their money in the offshore accounts they will suffer and this is something of course which is now being seriously condemned by moscow but then of course cyprus is in a very difficult position either it risks losing the bailout funds which of course will keep the country buoyant if it goes ahead with that then of course it loses its foreign investment investment so what does it do the reason feeling that cyprus may be shooting itself in the leg in a sense that it's been living off the offsh
and here's the note he had to say about i don't recall of mr president for sure is a show of russian economy. was made during his address annual address the russian parliament this year and here still stuck to this idea that we really have to make environment and russian economy more comfortable for those that got to invest their money. and to keep the money here on russian soil the biggest concern in the biggest unfairness which president putin talked about here concern small businesses...
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find out what's really happening to the global economy with mike stronger or a no holds barred look at the global financial headlines in two counties a report on our.
find out what's really happening to the global economy with mike stronger or a no holds barred look at the global financial headlines in two counties a report on our.
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Mar 21, 2013
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i think it is a really counterproductive move that will be very damaging to the cypriot economy. melissa: absolutely. what kind of reaction have you gotten from this resolution? >> i think very positive. members on both sides of the aisle understand that our savers and investors ought to have some insurance and reassurance in this area. so i think there's a good chance we can actually get this through? melissa: congressman, thanks so much for coming on tonight. we certainly appreciate your time. >> thank you. melissa: now to alarming new developments. bankers in the european union,. e.u. is about to officially pass a new law that caps bonuses for their bankers at their salary amounts. it still needs final approval from the parliament and finance ministers but already gained firm approval from the e.u. states and part of the parliament. of course the concern is whether this law could gain traction and make the jump across the pond and hit bankers here in the u.s. that would certainly have a huge impact on industry as a whole. here to give insight is our very own charles payne. i m
i think it is a really counterproductive move that will be very damaging to the cypriot economy. melissa: absolutely. what kind of reaction have you gotten from this resolution? >> i think very positive. members on both sides of the aisle understand that our savers and investors ought to have some insurance and reassurance in this area. so i think there's a good chance we can actually get this through? melissa: congressman, thanks so much for coming on tonight. we certainly appreciate...
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Mar 21, 2013
03/13
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he said the chancellor is sucking the confidence out of the economy. the financial markets seemed e prerelaxed with what we heard yesterday. >> i think the potential markets have factored in now for very many months. the economy here in the uk is flat. it's flat lined. there's no growth. our deficit has been expected to stay high now for many months. the chancellor confirmed yesterday what we've all known for a long time. the national debt is rising year on year. the borrowing is not coming down. britain was an experiment two years ago in rapid austerity. i think the markets here know what the country here in britain knows, it's failed. >> they did come out saying business applauded measures yesterday, which i'm sure he would also applaud. 32 pounds of national insurance. that's going to help job creation, cutting corporate tax rates again. infrastructure spending, he's done that, as well. there are very business friendly measures here and it's the private sector, after all, that's going to get the growth going in this country. >> look, the small busin
he said the chancellor is sucking the confidence out of the economy. the financial markets seemed e prerelaxed with what we heard yesterday. >> i think the potential markets have factored in now for very many months. the economy here in the uk is flat. it's flat lined. there's no growth. our deficit has been expected to stay high now for many months. the chancellor confirmed yesterday what we've all known for a long time. the national debt is rising year on year. the borrowing is not...
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economy i still peoples money that have global do a. good thing.
economy i still peoples money that have global do a. good thing.
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and a handover of power in china is complete with the new leaders aiming to keep the economy and military investments growing that's as the u.s. continues to build its presence in the region our top story. with a look back at the week's top stories and the latest developments this is the weekly here on a hunger strike at guantanamo bay is continuing after forty days with more than one hundred detainees reportedly starving themselves in protest at the desecration of the qur'an by prison guards lawyers for the captives claim the state of health is close to life threatening but the u.s. military strongly denied the crisis saying only fourteen detainees are refusing all food. reports. u.s. president barack obama began his first term announcing his intention to close the guantanamo bay detention center now just two months into his second term the prison enters its twelfth year of operation with one hundred sixty six detainees still languishing behind bars and a reported one hundred thirty life threatening hunger strike and their hunger strikes are the only way they have of even making themselv
and a handover of power in china is complete with the new leaders aiming to keep the economy and military investments growing that's as the u.s. continues to build its presence in the region our top story. with a look back at the week's top stories and the latest developments this is the weekly here on a hunger strike at guantanamo bay is continuing after forty days with more than one hundred detainees reportedly starving themselves in protest at the desecration of the qur'an by prison guards...
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Mar 15, 2013
03/13
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you know, i've got six locations now in this terrible economy. i bought the two "love ranch"s and the alien cat house and they're all doing good when all the rest of the brothels in nevada are barely making it and closing up. david: chris, what does the average guy spend when he comes in to spend time with you and how much of that do you get to keep? >> people come in and spend anywhere between 500 and 18,000. i recently had somebody spent $18,000 on me. david: how much do you get to keep? how much do you have to give over to dennis? >> i get 50% of the cut. david: 50%. david: dennis, is that kind of standard among the legal bordellos in nevada? >> that's the norm in nevada. you know, we pay all the expenses and bartenders, the insurance. the license fees. my partner is the county's, because we're the biggest license fee payers in the state of nevada. david: that's a lot of money for you, dennis. i'm wondering what you spend it on? lou do you, how do you make sure, for example, that health standards are maintained in your business? because that m
you know, i've got six locations now in this terrible economy. i bought the two "love ranch"s and the alien cat house and they're all doing good when all the rest of the brothels in nevada are barely making it and closing up. david: chris, what does the average guy spend when he comes in to spend time with you and how much of that do you get to keep? >> people come in and spend anywhere between 500 and 18,000. i recently had somebody spent $18,000 on me. david: how much do you...
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two pounds from interest income that would have gone in these pensioners accounts and spent in the economy so it's a form of financial suicide and there was as a result there was no growth so now they're just going to reach in and steal your money was shocking to me so there are still people in the media who are trying to rationalize this and justify this claim going to something other than just state sanctified of theft so remember saver saver says two hundred twenty point four billion pounds of one point one trillion that's almost twenty percent folks so where is that up where where are the people storming you know the prime minister all power how if interest rates are five percent in the u.k. adventurous rates are five percent of the united states the amount of money that would be circulating in the economy not sitting on corporate balance sheets like apple is projected to now one hundred seventy billion in cash in a balance sheet the next two years if interest rates are at normal rates to reflect the normal historical trends the economy would be in a growth the g.d.p. would be expandin
two pounds from interest income that would have gone in these pensioners accounts and spent in the economy so it's a form of financial suicide and there was as a result there was no growth so now they're just going to reach in and steal your money was shocking to me so there are still people in the media who are trying to rationalize this and justify this claim going to something other than just state sanctified of theft so remember saver saver says two hundred twenty point four billion pounds...
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as the world's largest economy and economic rival ribbon. comes amid a battle for influence of nature between the two major sherman told us foreign policy is another issue that the new leadership faces now the obama administration announced a pivot to asia last year which means an increase in military spending on military military resources by the united states being focused in asia so that's very significant and china is really increasing its own military spending its developing its military they have appointed a couple of a few senior diplomats in charge of china's foreign affairs one person who's been the point person on japan for a long time another person who's very familiar in dealing with the united states so how this will affect. leadership going forward particularly in terms of these territorial disputes china's been very assertive and sometimes even bellicose over the last year when talking about these territorial disputes and they seem to really want to show their strength in terms of talking about these issues it's just increasin
as the world's largest economy and economic rival ribbon. comes amid a battle for influence of nature between the two major sherman told us foreign policy is another issue that the new leadership faces now the obama administration announced a pivot to asia last year which means an increase in military spending on military military resources by the united states being focused in asia so that's very significant and china is really increasing its own military spending its developing its military...
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street are they one of the most responsible for an economy. yeah i mean they're not really doing this as a percentage they're not really doing their job or a financial intermediation so when people are on food stamps you can point to jamie dimon and j.p. morgan by the way who is the biggest player in food stamps i don't know jamie jamie dimon j.p. morgan all right so they're not they've got a dog in that race as well not only are they defrauding the public but they're putting my food stamp taking a cut on the breadline busy to vertically integrated fraudster. is our coldiron this he says he can't go after him because he's hiding under his desk right and he said they jamie might not get a new christmas card with your but i think that says everything the fact that we have institutions that control and are treated differently and we bedded that. by calling these companies different they are systemically important right the other seven thousand banks to try and earn an honest living in this country they're not important but who wrote it frank well
street are they one of the most responsible for an economy. yeah i mean they're not really doing this as a percentage they're not really doing their job or a financial intermediation so when people are on food stamps you can point to jamie dimon and j.p. morgan by the way who is the biggest player in food stamps i don't know jamie jamie dimon j.p. morgan all right so they're not they've got a dog in that race as well not only are they defrauding the public but they're putting my food stamp...
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Mar 15, 2013
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people with these falsely low interest rates, i think, are actually hurting the economy now. if we bought time for the restructuring of the economy, but the government's hindering restructuring. >> michael? >> i think that john certainly makes sense. and these short-term calls are always dicey. but if you're going to say which direction the most likely next 500 points is, i'm going to say stick with the trend and it's going higher. not necessarily, as john has said, for good reasons. i mean, i remember, there was this pretty girl in high school who said she'd go out with me one night, only because if she stayed home, her mother was going to yell at her. true story! >> come on, she was -- >> no, that's a true story. >> she wasn't telling you the trut truth. >> sometimes you can end up in a good place for not the best reasons. >> no one prettier than maria. >> we're going to leave it right there. i've had enough. >> i had fun with that, michael. you're a sport. you're a sport, michael. we'll see you soon, guys. >> happy holidays. look at this. see the market? >> coming back! >>
people with these falsely low interest rates, i think, are actually hurting the economy now. if we bought time for the restructuring of the economy, but the government's hindering restructuring. >> michael? >> i think that john certainly makes sense. and these short-term calls are always dicey. but if you're going to say which direction the most likely next 500 points is, i'm going to say stick with the trend and it's going higher. not necessarily, as john has said, for good...
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Mar 15, 2013
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if the economy continues to grow, and it looks like with the retail sales that the economy is picking up speed notwithstanding this payroll increase. >> you're not just talking a fed-fueled rally. >> the fed is certainly helpful in this regard. what's odd is the fed is pegging interest rates at negative real returns. yet people still pour money into that pause they're still fearful -- they're worried about 2008, europe, china, whatever they're worried about. >> how much credit do we give to the fed for the weight effect, therefore making the economy is better and you say the economy is going to do okay on its own. >> the fed has basically offset the drop in velocity. if they hadn't done that i think we would have had a possession. what they're doing is basically trying to hold the finger of the dike against the catastrophe and they have done a good job of it. >> we have had three federal reserves around the world cranking out money. we have ecb, our fed, japan conducting what people are considered the greatest economic experiment in the history of modern world. when we look at all tha
if the economy continues to grow, and it looks like with the retail sales that the economy is picking up speed notwithstanding this payroll increase. >> you're not just talking a fed-fueled rally. >> the fed is certainly helpful in this regard. what's odd is the fed is pegging interest rates at negative real returns. yet people still pour money into that pause they're still fearful -- they're worried about 2008, europe, china, whatever they're worried about. >> how much credit...
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margins of the shadow banking system is where the fortunes of these underlying economies are going to be determined that have absolutely nothing to do with house prices or wages or jobs or savings it has everything to do with people fighting the currency war in the shadows and we only see the best edges of the of the shooting that's going on when the occasionally you'll see a flash crash or a or a gap opening or some kind of market event but behind the scenes it's a raging is stew of of of quantitative and nightmarish currency bubbles so now that they're concerned mostly about capital crossing their borders plunging itself into their economy and them losing control of their own monetary policy and we've also seen this is switzerland which says twichell in the poorest is a safe haven it's considered safe haven lease a massive inflows of capital during the crisis and they introduce a currency pag now of course china has a currency pegged to the dollar but they say perhaps the real reason behind the amplified currency war rhetoric is that china has been pushed into a tight spot the endga
margins of the shadow banking system is where the fortunes of these underlying economies are going to be determined that have absolutely nothing to do with house prices or wages or jobs or savings it has everything to do with people fighting the currency war in the shadows and we only see the best edges of the of the shooting that's going on when the occasionally you'll see a flash crash or a or a gap opening or some kind of market event but behind the scenes it's a raging is stew of of of...
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Mar 15, 2013
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when that happens we will grow our economy, because we need to grow our economy and not our government. that is the key. we have to grow our economy and not our government. when we do that, i think we will unleash opportunities in this country. another issue i find incredibly important is the issue of school choice. i'm a big believer in school choice. it's a part of the opportunities of our future. if we remember that every parent deserves a choice. and every child deserves a chance. i think back to my young days growing up in a single-parent household. i think about the tough times that my mother who worked 16 hours a day, she went to work every day all day long, came home. when my grades were bad, she would pull out is which. switch. as a freshman in high school, i did not do very well. , was failing world geography civics, spanish, and english. when you fail spanish and english, they don't call you bilingual. they call you ignorant because you cannot speak any language. that's where i was. i had the blessing of meeting a conservative republican who became my mentor, a man named joh
when that happens we will grow our economy, because we need to grow our economy and not our government. that is the key. we have to grow our economy and not our government. when we do that, i think we will unleash opportunities in this country. another issue i find incredibly important is the issue of school choice. i'm a big believer in school choice. it's a part of the opportunities of our future. if we remember that every parent deserves a choice. and every child deserves a chance. i think...
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democracies and how the the economy has to deal with a certain euro zone crisis repeated in one scale in one form or another and quite possibly on a larger scale but let's hope not. the aftershocks of the proposition have been felt in other countries inside and outside the eurozone all these top button has the details. unfair and professional and dangerous with the words that putin used through his spokesman about this tax on deposits in cyprus that would be necessary for that ten billion euro e.u. i.m.f. loan russian banks russian businessmen and exceptionally rich russian individuals hold a disproportionately huge deposits in cyprus given the country's size the exact number of billions is estimated to be above ten but the exact number could be far higher it's very hard to establish it's partly because of that reason that the e.u. wanted a tax to try and distribute the burden equally and to avoid money laundering there are reports in the greek media that the russian state energy giant gazprom proposed its own bailout to cyprus in return for energy exploration rights around the island
democracies and how the the economy has to deal with a certain euro zone crisis repeated in one scale in one form or another and quite possibly on a larger scale but let's hope not. the aftershocks of the proposition have been felt in other countries inside and outside the eurozone all these top button has the details. unfair and professional and dangerous with the words that putin used through his spokesman about this tax on deposits in cyprus that would be necessary for that ten billion euro...
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Mar 13, 2013
03/13
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the economy is getting better. i think we have good traction in the economy right now. we'll see better economic growth than we have seen in the past. the market is reacting to some of that and not without risk from what's going to happen with monetary policy going forward and other concerns. but to run a government like this of $3.6 trillion that many depend on and look to for direction, this isn't the way to do it. we need to find a way to fix it and i'm just not optimistic that we can do that in the very near term. i think it's going to take, you know, two, four, six years to get to a point where we can clear up some of the issues that we're dealing with on tax policy and on our long-term spending priorities. >> even as those long-term issues worsen during that period of time. we'll have to leave it there. gentlemen, thank you both. great to see you both this morning. president obama will meet with a group of ceos at the white house today to discuss ways to improve cybersecurity. the president will solicit input on how the government and private sector can best work
the economy is getting better. i think we have good traction in the economy right now. we'll see better economic growth than we have seen in the past. the market is reacting to some of that and not without risk from what's going to happen with monetary policy going forward and other concerns. but to run a government like this of $3.6 trillion that many depend on and look to for direction, this isn't the way to do it. we need to find a way to fix it and i'm just not optimistic that we can do...
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Mar 21, 2013
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and there's knockoff effects on the economy. so the key for trying to get a handle on this issue, learn from the mistakes as eastern europe and the united states over the last hundred years or so and begin to put a serious curb on these types of emissions because it's having a major impact on the harmony of china. >> so it's one thing to impact the health of the chinese people, but how might china pollution problems really affect the rest of the world? >> well, of course, fredricka, china has been a really important economic driver here in the global economic scale especially over the last few years of the economic slump in the west. and when you look at this unrest and the riots that are happening, when you look at the impact on health care and the cost to the chinese government, there's a very real impact on the economy of china as a whole. and that certainly impacts the rest of us as the world. from an environmental perspective too smog and particlats that originate in china can be found on the beaches of the bahama and the a
and there's knockoff effects on the economy. so the key for trying to get a handle on this issue, learn from the mistakes as eastern europe and the united states over the last hundred years or so and begin to put a serious curb on these types of emissions because it's having a major impact on the harmony of china. >> so it's one thing to impact the health of the chinese people, but how might china pollution problems really affect the rest of the world? >> well, of course, fredricka,...
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Mar 21, 2013
03/13
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about the economy. that is not happening right now. stuart: middle america senses something is wrong, we have spent a ton of money, deeper in debt. >> the other thing they understand is you have this anomaly. the stock market is hitting record, yet the average person thinks they have money in a 401(k), that is great. but the other thing is they invest in a cd. there is nowhere to do normal savings right now because saving rates are close to zero. all this money being forced into the stock market, people are worried about how real those numbers are. stuart: you're very much in touch with the political reaction going on in the economy. but there is no political reaction to middle america about what is going on here. president obama is still relatively popular, his policies are still relatively popular. >> his handling of the economy have dropped precipitously. he is now basically dead even with the republicans handling of the economy, so i think the president should be more worried about it than he is. re
about the economy. that is not happening right now. stuart: middle america senses something is wrong, we have spent a ton of money, deeper in debt. >> the other thing they understand is you have this anomaly. the stock market is hitting record, yet the average person thinks they have money in a 401(k), that is great. but the other thing is they invest in a cd. there is nowhere to do normal savings right now because saving rates are close to zero. all this money being forced into the stock...
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where the chinese currency appreciates and you have a tremendous a local domestic economy spenders in china who are buying the things that they've been manufacturing because they can afford it because their currency suddenly appreciated remember the u.s. dollar as a percentage of world trade as steadily decrease every quarter of every year for the past twenty years and this trend is now getting to the point where as a percentage of global trade the u.s. dollar will dip below fifty percent at that point you can categorically state that the u.s. dollar is no longer the world reserve currency and are rapidly approaching that number so again here we see a situation where china might have to internationalize let it float suddenly ok that's one thing so in the background that would mean they must be looking at a way to accumulate gold more rapidly. but on the international stage look at this next headline currency war is central banks in denial or lying and this is from our friend upon the planet that comments fire stein and he says a large consumer products company johnson and johnson anno
where the chinese currency appreciates and you have a tremendous a local domestic economy spenders in china who are buying the things that they've been manufacturing because they can afford it because their currency suddenly appreciated remember the u.s. dollar as a percentage of world trade as steadily decrease every quarter of every year for the past twenty years and this trend is now getting to the point where as a percentage of global trade the u.s. dollar will dip below fifty percent at...
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Mar 17, 2013
03/13
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in the economy. and if i could get in a quick advertisement, about a month from now in this same place we're going to have another book event on a book written by a friend of mine, brendan brown, entitled "the global curse of the federal reserve." so if this is interesting to you, come back for our next, our next book event. um -- [laughter] all right. let me, as we go to your questions remind you of aei rules. please wait for the microphone so we get you properly recorded and people can hear you. tell us your name and your affiliation and then ask your question. if you sneakily put a statement first in the form of a question, that's okay as long as it's brief. and if it isn't, the chair will remind you that your statement time is over. okay. questions? we have one here. up here in front. >> good afternoon. my name -- [inaudible] i have a question, and that is to mr. wallison. that has to do with it's one thing to say i told you so after the fact, and i realize that you've been writing all along and
in the economy. and if i could get in a quick advertisement, about a month from now in this same place we're going to have another book event on a book written by a friend of mine, brendan brown, entitled "the global curse of the federal reserve." so if this is interesting to you, come back for our next, our next book event. um -- [laughter] all right. let me, as we go to your questions remind you of aei rules. please wait for the microphone so we get you properly recorded and people...
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Mar 19, 2013
03/13
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during the monroe years, you have the canal being dug in new york that will transform the economy. you have the road under construction from the capital to what is now west virginia. we had a whole debate going on about internal improvements and what the role of the federal government should be and all that. this is a country poised for economic take off. much like a light eisenhower presided -- >> as you work your way, how much evidence is there about elizabeth monroe? >> there is not a lot. based upon what her elder daughter reported, at some point after he left the presidency, monroe burned all personal correspondence. there is one letter that survives that is written by elisabeth. there is one letter from james to her that survived. what baffles me and drives me nuts is there is only one letter she wrote to somebody else. she had extensive correspondence with her sister and friends and these letters do not seem to be anywhere. i do not understand why not. it seems like somebody would have kept some of these. consequently, having firsthand evidence of what she thought about thin
during the monroe years, you have the canal being dug in new york that will transform the economy. you have the road under construction from the capital to what is now west virginia. we had a whole debate going on about internal improvements and what the role of the federal government should be and all that. this is a country poised for economic take off. much like a light eisenhower presided -- >> as you work your way, how much evidence is there about elizabeth monroe? >> there is...
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Mar 14, 2013
03/13
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>> it doesn't -- the american economy, we like the heros to come out of obscurity. a fuel like propane has been considered a by-product that is mostly used in residential fuel. now it's being used as a transportation fuel. and the reasons you were picked up in a vehicle in europe that ran on auto gas is it's not uncommon in europe to pull up to the fuel station and pay $7 or $8 for gasoline. the europeans are way ahead of us on this he wanted $10 gas to make it more apparent. we don't need that. we already have the answer. we're out of time, joe. i'm going to come and visit you. thanks for being our guest. >> thank you. >> melissa and carl, back to you. >> thank you very much, rick. the world will get the first look at the samsung galaxy s4. and later the startup that the former president calls the most important innovation of the last decade. find out while the lending club may be the answer to your investment or credit needs when the ceo joins us live here. we'll be right back. ack. i love making money. i try to be smart with my investments. i also try to keep my
>> it doesn't -- the american economy, we like the heros to come out of obscurity. a fuel like propane has been considered a by-product that is mostly used in residential fuel. now it's being used as a transportation fuel. and the reasons you were picked up in a vehicle in europe that ran on auto gas is it's not uncommon in europe to pull up to the fuel station and pay $7 or $8 for gasoline. the europeans are way ahead of us on this he wanted $10 gas to make it more apparent. we don't...
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Mar 13, 2013
03/13
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cardinal, he was really widely seen as the conscience of the church in looking at the impact of the global economy on the poorest. and that is something that i think is a real hallmark of his stewardship and something we'll want to see how he brings that conscience and that economic understanding to the papacy. >> shepard: 500 million catholics in latin america. it's been a. >> did you're trying to send a couple of messages, it seems -- with divine inspiration picked a man of and by and for the people, if you will, and have also said latin america, we recognize you. >> i think that's exactly right. i think when he greeted everyone with buenos aires and there was -- just that thunderous wave of applause in st. peter's square, it said it all. the catholic church has gone through tremendous scandal, tremendous strain. it's suffering. it's had a deep moral and economic crisis, and it's looking for someone to lead it through to a new beginning. i think hearing those words, buenos aires, was the first harkening of that change. or at least a recognition that hope is very strong out there for change. we'l
cardinal, he was really widely seen as the conscience of the church in looking at the impact of the global economy on the poorest. and that is something that i think is a real hallmark of his stewardship and something we'll want to see how he brings that conscience and that economic understanding to the papacy. >> shepard: 500 million catholics in latin america. it's been a. >> did you're trying to send a couple of messages, it seems -- with divine inspiration picked a man of and by...
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Mar 18, 2013
03/13
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we're in a situation where the economy is improving. earnings are going to do better than people pecked. remember shs we had a lot of negativity about what was going to happen this year. we're in a situation where if the economy doesn't do better than we get more qe. if it does improve, then the economy sim proves. earnings are better. everything goes up no matter what. >> bob, goldman is not the only one who has done it. other analyst, independents and others have done the same thing. >> key thing is gdp numbers were raised. retail sales numbers were better than expected. i think john's right. they'll do that with s&p numbers, although i haven't seen a lot. the only other one is isi. they had 1668 and now at 1690. they raised it. >> this is very healthy thing. we want the s&p to be going up based on stronger earnings. not just based on financial magic. that's what seems to be happening. great. >> mayor bloomberg is good for a topic here. he's decided he's going to ban cigarette advertising in the city establishments, keep all tobacco p
we're in a situation where the economy is improving. earnings are going to do better than people pecked. remember shs we had a lot of negativity about what was going to happen this year. we're in a situation where if the economy doesn't do better than we get more qe. if it does improve, then the economy sim proves. earnings are better. everything goes up no matter what. >> bob, goldman is not the only one who has done it. other analyst, independents and others have done the same thing....
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Mar 19, 2013
03/13
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they need to think about what is good for the economy as a whole. stuart: would you eat a non-union twinkie, phil? >> you ask me a variation of that question every time i am here. stuart: you know the question. would you eat a non-union twinkie? >> first of all, i would not eat a twinkie. what i would do is i would patronize the company. stuart: you got out of that one. all right. thank you very much, phil. it is good to see you and we will bring you back soon. we will offer you a twinkie bought by me when they are back on the shelves. what is going on with chesapeake energy? the stock is moving. nicole: did you actually say you are going to buy something for somebody should mark that should be the headline right there. chesapeake being cut today to an under performer. making available $2.3 billion this move for chesapeake energy under some pressure. stuart: the situation of cyprus. it is scaring people. how confident are you in this country's banks? we have some numbers for you coming up. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles
they need to think about what is good for the economy as a whole. stuart: would you eat a non-union twinkie, phil? >> you ask me a variation of that question every time i am here. stuart: you know the question. would you eat a non-union twinkie? >> first of all, i would not eat a twinkie. what i would do is i would patronize the company. stuart: you got out of that one. all right. thank you very much, phil. it is good to see you and we will bring you back soon. we will offer you a...
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Mar 13, 2013
03/13
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we have the best economy in the world. some money coming out of the emerging market countries. >> thank you very much for that. in the meantime, breaking news on america's budget battle. the federal budget just came out as president obama meets with the speaker john boehner. >> mandy, you're looking, i think, at a live picture of the senate budget committee where the chair woman is laying out her budget proposal. it includes about 1.85 trillion dollars in deficit reduction. half of that from tax increases, half from spending cuts. she has a $100 billion of stimulus put in there. this is while the house republican party is marking up its budget committee resolution. no tax increases. meanwhile the president is meeting behind closing doors now as part of iz his effort to sel his proposal. his own is not coming out until april 8. that is less the point at this stage. all sides are looking at the regular order process as the last potential hope for a grand bargain mixing entitlement cuts and tax increases for this two year con
we have the best economy in the world. some money coming out of the emerging market countries. >> thank you very much for that. in the meantime, breaking news on america's budget battle. the federal budget just came out as president obama meets with the speaker john boehner. >> mandy, you're looking, i think, at a live picture of the senate budget committee where the chair woman is laying out her budget proposal. it includes about 1.85 trillion dollars in deficit reduction. half of...
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up next and stacey will be taking a look at the much feared currency wars could mean for the world economy stay with us here for the kaiser. prize or welcome to the kaiser report you know the problem with china starting a currency war is that a happy hour later you want to start another one this year ever ok and so what's going on there next try is there yes that's a train down there coming into penn station but you know there are consequences the biggest story that we've been covering here on the kaiser report for the past three or four years and china has been very vocal speaking out against the currency war why china fears currency wars on friday commerce minister chen deming was the latest to raise concerns about competitive currency depreciation and the effects of excessive money printing by central banks the head of china sovereign wealth fund was less diplomatic reportedly warning japan against treating your neighbors as your garbage bin. and starting a currency war right what i thought according to christine lagarde everybody was on the same page with this global currency war that
up next and stacey will be taking a look at the much feared currency wars could mean for the world economy stay with us here for the kaiser. prize or welcome to the kaiser report you know the problem with china starting a currency war is that a happy hour later you want to start another one this year ever ok and so what's going on there next try is there yes that's a train down there coming into penn station but you know there are consequences the biggest story that we've been covering here on...
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Mar 20, 2013
03/13
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but these two kind of the backbones of our economy. we have to keep our eyes and so many more of the transport stocks going forward. >> oracle now down about 7%. we'll get the updates from jon fortt later on in the show. ben bernanke, keeping the easy money and the rally for that matter going for now pushing the s&p 500 closer to an all-time high. let's get straight to the traders here. and dr. j. john najarian is also joining us here onset. we are points away from the s&p 500 hitting the all-time closing high. what's your guess on when that happens? >> if it weren't for oracle, it would have been early in the morning tomorrow. and even with oracle, i think the market still has enough gas, melissa to get past that. but to j.j.'s point and everyone on the desk, i agree there are some in the armor. not to push the market down, but to keep the fed in that tight box, that is exactly where the fed is. they're stuck, they can't get out of this now. if you were looking for an early exit, ain't happening, folks. not happening, not getting out
but these two kind of the backbones of our economy. we have to keep our eyes and so many more of the transport stocks going forward. >> oracle now down about 7%. we'll get the updates from jon fortt later on in the show. ben bernanke, keeping the easy money and the rally for that matter going for now pushing the s&p 500 closer to an all-time high. let's get straight to the traders here. and dr. j. john najarian is also joining us here onset. we are points away from the s&p 500...